PORTLAND, OR--(Marketwire - November 12, 2008) - Today,
Umpqua
Bank, a subsidiary of Umpqua Holdings Corp. (
NASDAQ:
UMPQ), and
Energy Trust of Oregon, Inc., an
independent nonprofit organization, unveiled low-interest financing for
energy-saving improvements and solar energy systems. Their program,
GreenStreet Lending, offers
financing options designed to help small businesses and homeowners manage
rising energy costs by making it easier to invest in energy efficiency and
renewable energy
projects.
About GreenStreet Lending Products
All GreenStreet Lending products offer low-interest rate financing, have no
loan origination fees or closing costs, and have flexible terms. The
following GreenStreet loan options are now available to qualified borrowers
on approved credit who are Oregon customers of Portland General Electric,
Pacific Power, NW Natural or Cascade Natural Gas:
GreenStreet Financing for Homeowners
Product Loan Amount Term
-------------------- --------------------
Home Equity Loan $ 5,000 to $ 50,000 up to 15 years
-------------------- --------------------
Unsecured Home Improvement Loan $ 1,000 to $ 50,000 up to 5 years
-------------------- --------------------
GreenStreet Financing for Small Businesses
Product Loan Amount Term
-------------------- --------------------
Commercial Real Estate
Improvement Loan $ 5,000 to $ 100,000 up to 15 years
-------------------- --------------------
Business Term Loan $ 5,000 to $ 100,000 up to 7 years
-------------------- --------------------
"Umpqua Bank and Energy Trust launched GreenStreet Lending through a shared
commitment to help Oregonians create long-term energy savings through an
investment in their home or business now," said Lani Hayward, executive
vice president of creative strategies, Umpqua Bank. "GreenStreet's
financing options make it easy and affordable for qualified borrowers to
get the assistance they need to make environmentally-responsible home and
business improvements."
"This winter, Oregonians are facing increased energy costs. Fortunately,
there are ways to help keep those costs at bay by changing the way we use
energy at home and work," said Margie Harris, executive director, Energy
Trust. "GreenStreet Lending products are unlike any other available in the
state. They are specifically designed to remove a financial barrier for
Oregonians seeking energy-saving and solar solutions for their homes and
businesses."
GreenStreet products can be paired with Energy Trust's cash incentives and
State of Oregon
energy tax credits,
making home and business energy improvements financially accessible to a
broader market.
Additional information about GreenStreet loans and current rates are
available online at
www.greenstreetloan.com or by calling 1-866-790-2121.
About Umpqua Bank
Umpqua Bank, headquartered in
Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (
NASDAQ:
UMPQ) and has 148 locations between Napa, Calif. and Bellevue, Wash., along
the Oregon and Northern California Coast, and in both Central California
and Central Oregon. Umpqua Bank has been recognized for its innovative
customer experience and banking strategy by national publications including
the Wall Street Journal, New York Times, BusinessWeek, Fast Company and
CNBC. The company, recognized for the second year in a row, ranked 13th on
Fortune Magazine's 2008 list of the country's "100 Best Companies To Work
For." Umpqua Holdings also owns retail brokerage subsidiary Strand,
Atkinson, Williams & York Inc., which has locations in Umpqua Bank stores
and in dedicated offices throughout Oregon and Southwest Washington. Umpqua
Bank's Private Client Services Division provides tailored financial
services and products to individual customers. Umpqua Holdings Corporation
is headquartered in Portland, Ore. Umpqua Bank is an Equal Housing Lender.
For more information, visit
http://www.umpquabank.com/.
About Energy Trust
Energy Trust of Oregon, Inc., is
a nonprofit organization dedicated to changing how Oregonians use energy by
promoting energy efficiency and clean renewable energy for Oregon customers
of Portland General Electric, Pacific Power, NW Natural and Cascade Natural
Gas. For more information, visit Energy Trust's Web site,
www.energytrust.org, or call 1-866-368-7878.
Contact Information: Media Contacts:
Lani Hayward
Umpqua Bank
503.727.4132
lanihayward@umpquabank.com
Lisa Scholin
Energy Trust of Oregon
503.977.0483
lisa@blueflypr.com
Eve Callahan
LANE PR
503.546.7867
eve@lanepr.com